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Press Release -- May 7th, 2012
Source: Nokia Siemens Networks

Nokia Siemens Networks completes the sale of its fixed line Broadband Access business to ADTRAN

Espoo, Finland – May 7, 2012

Nokia Siemens Networks announced today that the company has completed the transaction to sell its fixed line Broadband Access business and associated professional services and network management solutions to ADTRAN®, Inc., (NASDAQ:ADTN, news, filings). The transaction was initially announced in December 2011.

As of May 4, 2012, the business, including approximately 340 employees globally in engineering, R&D, sales and professional services, transferred to ADTRAN.

About Nokia Siemens Networks

Nokia Siemens Networks is the world’s specialist in mobile broadband. From the first ever call on GSM, to the first call on LTE, we operate at the forefront of each generation of mobile technology. Our global experts invent the new capabilities our customers need in their networks. We provide the world’s most efficient mobile networks, the intelligence to maximize the value of those networks, and the services to make it all work seamlessly.

With headquarters in Espoo, Finland, we operate in over 150 countries and had net sales of over 14 billion euros in 2011.

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